BRAND NEW SERVICE STATION & DRIVE THROUGH COFFEE• Net Income of $377,705 pa
• Significant 4,777sqm corner site
• 20 and 15 year lease terms
Lot 1, 157 Grand Entrance, Australind - The Vibe Petrol Station Site', presents an outstanding opportunity to acquire a brand new fuel station/convenience store and drive through café asset (Full of Beanz), in one of the highest growth regions in Western Australia.
Superbly located on the first round about of Grand Entrance approximately 400 metres off the Forrest (Bunbury-Perth) Highway and at the base of road linkages to industrial activity including Worsley, Kemerton, Collie, Harvey, Wagerup, Shotts/Muja, Waroona and Greenbushes. The property has exceptional exposure and easy access for traffic in both directions.
The precinct has already welcomed Woolworths, Bunnings, KFC, Tyrepower, Repco, McDonalds and many other significant businesses
Population growth continues, fuelled by a range of industries including the major export facilities at the Port of Bunbury, agriculture, mining, mining services and tourism. A range of projects planned for the region bode well for future growth, including commencement of the Albermarle Lithium Hydroxide Plant in nearby Kemerton, Stage 1 of the Outer Ring Road, Outer Harbour Development and many more exciting projects.
A brand new 15 year lease to the Vibe Petrol Station and 20 year ground lease to the drive through café (Full of Beanz), including fixed rent reviews, will ensure a consistently increasing income stream is available to purchasers over the long term.
• New 15 year lease to Vibe Petroleum with 3.25% fixed annual increases
• New 20 year lease to Full of Beanz with greater of CPI or 3% annual increases
• Gateway entrance to Australind/Treendale town centre and strong residential growth precinct
• 400 metres to Treendale Shopping Centre, Woolworths, Bunnings, McDonalds and a range of commercial operators
For more information please contact Elders Commercial Selling Agent Geoff Pedley.
- Land Area: 4,777sqm
- Commercial Type: Retail
- Building Area: 250sqm
- Car Spaces: 16